A Bitcoin (BTC) miner who mistakenly obtained 20 BTC — price over $500,000 — from crypto change Paxos for settling a 0.008 BTC ($200) transaction is now reconsidering their determination to return the jackpot to its rightful proprietor.
On Sept. 13, Paxos revealed to Cointelegraph that it overpaid the BTC network fee on Sept. 10, to a miner who goes by the pseudonym Chun. Whereas confirming that the occasion didn’t influence the merchants’ funds, the platform admitted {that a} system bug resulted within the disbursement of 20 BTC in mining rewards on one transaction.
Whereas Chun initially agreed to refund the reward, he determined to rethink his determination and reached out to the crypto group for recommendation.
I used to be irritated and regretted agreeing to refund that 20 BTC. Particularly after I noticed the individual claiming it saved saying EST as a substitute of EDT/UTC. Final time a Zcash man did that, I blocked his total firm.
Ref:https://t.co/MQh0ijLR11https://t.co/lxtcFH9mq3
So what ought to I do?
— Chun (@satofishi) September 13, 2023
Chun’s unwillingness to return the funds to Paxos stems from him being “irritated” that “the individual claiming it (the funds) saved saying EST as a substitute of EDT/UTC.”
Including to Chun’s dilemma, the crypto group on X (previously Twitter) shared blended opinions — every supported by stable reasonings. Nonetheless, most individuals consider Chun has no obligation to return the 20 BTC reward and agree that as a substitute, it needs to be distributed among the many Bitcoin mining group.
Associated: Marathon’s Bitcoin mining rate fell 9% in August
Relying on one’s bodily location, Bitcoin mining enterprise can have a different revenue margin. A latest report from CoinGecko confirmed that only 65 countries are profitable for solo Bitcoin miners, based mostly solely on family electrical energy prices.
Primarily based on the info proven above, mining 1 BTC in Lebanon is 783x cheaper than Italy, the place it prices $208,560 to supply 1 Bitcoin.
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